Vacant Premises for sale in Bury

View the "Fully Equipped Closed Launderette To Let In Bury" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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John Peacock (Feb 2017)
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Leasehold Price: £15,000
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Business Description
Busy Residential Trading Location
Low Rent Of £115 Per Week
Fully Equipped & Well Presented
Free Unrestricted On Street Parking Available
New Lease Negotiable
Excellent First Time Buyer Opportunity
EPC - Not Required
REF 6424 – Leasehold Closed Launderette

Blacks Brokers are pleased to bring to the market this leasehold launderette located in the much sought-after, residential area of Bury, Greater Manchester.

INTRODUCTION

This fully equipped launderette was established by our client's tenant to meet local demand for a service of this type. Our client has invested in a good range of equipment and has presented the business to a high standard. The business has been closed for 1 year as the previous tenant vacated.

LOCATION

The business is positioned on Tinline Street in Bury, this is close to Rochdale Road – this is a busy main road with direct access to the M66 and M60. The area is densely populated residentially with a good range of other local businesses close by. Bury has excellent public transport links and free parking is available immediately outside the shop.

REASON FOR SALE

The business space is offered for sale due to the tenant vacating which presents an excellent opportunity for a new owner-operator or team to reopen the business and start trading again. Launderettes are extremely popular in the UK, with one new shop opening every month. This business was a previously fully staff laundrette catering for service washes and offering an ironing service, Launderettes can generate a large and loyal client base and the financial returns can be excellent.

LEASE

The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. A new lease will be fully negotiated with our client upon purchase – however this will run at a cost of only £115 per week.

BUILDING LAYOUT AND DESIGN

The business occupies the ground floor of a well presented, mid terraced property within a parade of shops and residential properties. Bright signage and branding is displayed above a mainly glazed frontage. Inside, the main shop area is well presented and fitted with a good range of laundry equipment including five launderette machines – these are not coin operated. There is an additional work room fitted with a state of the art ironing machine (this is worth and estimated £2,500 according to our client) along with servery and till. To the rear is a private yard and as mentioned above, parking is available immediately outside.

BUSINESS RATES

The rateable value is £5,500. This is not the amount you will pay, purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This leasehold business space is well equipped and presented. The business was previously popular in this area of Bury and had gained a large, repeat customer base. There is plenty of scope to develop the business further simply by re-opening with a strong marketing drive. The property could also accommodate a variety of other businesses if a new owner would prefer. Early viewings are strongly advised. Fixtures:
1 x 25KG Machine (not coin operated)

1 x 11KG Machine (not coin operated)

1 x 7KG Machine (not coin operated)

2 x Tumble Dryers

Till

Ironing machine (£2,500)
Trading Hours:
Closed

Tenure: Leasehold

Location Details: Bury

Leasehold Term: Rent: £115 Per Week

Downloadable Documents

Listed by: Blacks Business Brokers Limited

Find out more about this business opportunity.

 
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6424
Seller Reference:
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